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Rethinking Retirement: What Wall Street Doesn’t Want You to Know

12 September, 2012

A SEVEN YEAR SET BACK

It just turned 4:00 AM. You’re tossing and turning in your bed...and not because you overate at dinner last night. Your mind is churning. You have gnawing questions about the future. Have I saved enough to retire? Is this roller-coaster stock market going to sink my retirement plans? Will I have to downsize my retirement beach house to a beet farm?

This is how many retiring boomers spend their sleeping hours these days. In fact,only 18% of workers are very confident they will have enough money to retire comfortably,down 27% from the previous year,for many falling stock prices have wiped out savings that have taken years or even decades to build.

WALL (STREET) OF SILENCE 

For years,brokerages and banks have convinced us that the only place to invest IRA holdings is in stocks and CDs. When the market tanked,the same people could only advise us to stand by as we watched our retirement savings evaporate. Few knew there were alternatives that were safe,sound,secure and smarter.

That’s right,contrary to what many believe,its perfectly legal to take control of your own IRA and direct your retirement funds toward more stable growth investments like real estate holdings. In fact,according Section 590 of the Internal Revenue Code,your IRA can buy virtually any kind of real estate that you choose. 

Raw Land

Single Family Home / Multiple-unit dwellings / Apartment 

Buildings Condominiums

Office Buildings

Foreign Real Estate (Like Mexico)

TURNING YOUR IRA INTO REAL ESTATE

So if you thought you didn’t have enough money for the down payment on a real estate opportunity you have your eye on,the money you need may be sitting in you IRA or retirement account.

Why have most people never heard they could do this? The answer is simple. It’s all about money. Most IRA fund custodians also happen to be in the business of providing investments or investment consulting. Chances are that your current retirement plan or IRA is not with custodians who will allow or encourage you to buy real estate. 

So your first step to freedom is to find a custodian who truly represents your interests and allows for authentically self-directed IRAs. Sometimes they can be difficult to find. If you can’t locate one you can always contact us and we can give you a list of some very good custodians that we work with.

The lesson here is a simple one. Don’t put all your eggs in one basket. Yes,it’s a little late to avoid the recent ups and downs of the stock market but it’s certainly not too late to put part of your retirement egg into a whole new basket altogether - a self directed IRA account. A basket that could hold the golden egg for many golden years to come.

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